MGO Private Wealth LLC Raises Stock Position in CrowdStrike (NASDAQ:CRWD)

MGO Private Wealth LLC lifted its position in CrowdStrike (NASDAQ:CRWD) by 2.9% during the first quarter, Holdings Channel reports. The institutional investor owned 3,270 shares of the company’s stock after buying an additional 93 shares during the quarter. CrowdStrike comprises approximately 0.8% of MGO Private Wealth LLC’s investment portfolio, making the stock its 28th largest holding. MGO Private Wealth LLC’s holdings in CrowdStrike were worth $1,153,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Sound Income Strategies LLC grew its position in CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock worth $31,000 after purchasing an additional 38 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC purchased a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. grew its position in CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock worth $35,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CRWD shares. Piper Sandler boosted their target price on shares of CrowdStrike from $400.00 to $505.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Canaccord Genuity Group reissued a “hold” rating and set a $475.00 target price (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Citigroup reissued an “outperform” rating on shares of CrowdStrike in a research report on Monday, May 5th. Jefferies Financial Group lifted their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Finally, DZ Bank cut shares of CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 price objective for the company. in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $453.17.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $485.16 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The company has a fifty day moving average of $436.32 and a two-hundred day moving average of $394.77. The stock has a market capitalization of $120.93 billion, a PE ratio of -703.13 and a beta of 1.16. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $493.20.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 5,096 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.43, for a total value of $1,826,559.28. Following the completion of the sale, the insider now directly owns 84,618 shares in the company, valued at $30,329,629.74. This represents a 5.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 13,543 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now owns 405,308 shares of the company’s stock, valued at $145,351,554.96. This trade represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,861 shares of company stock worth $109,595,558. Company insiders own 3.32% of the company’s stock.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.